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Gold/Mining/Energy : Precious and Base Metal Investing
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To: Claude Cormier who wrote (32504)11/19/2004 12:17:30 PM
From: russwinter  Read Replies (3) of 39344
 
The ETF response has been stunning with another $488 m added just so far. That's 610,000 more oz above the initial offering, a whopping 19 tonnes of gold. I think even the optimists thought it would take several months for this to transpire. As most of you know, mine supply is under 2600 tonnes a year, and then you have 400 more from foolish CBs who would rather hold treasury notes. This could be a real wake up call to the money printers and sycophants like Alan Greenspan.
streettracksgoldshares.com
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